ALEXANDRIA, Va., Nov. 3 -- United States Patent no. 12,784,012, issued on Nov. 3, was assigned to Bank of America Corp. (Charlotte, N.C.).
"Automated teller machine generated tangible stablecoin" was invented by Sivakumar Bogu (Telangana, India), Frenchy Thomas (Chennai, India) and Daris Machado (Chennai, India).
According to the abstract* released by the U.S. Patent & Trademark Office: "Arrangements for generating tangible stablecoin via an ATM are provided. In some examples, a computing platform may receive, via an ATM, a request to withdraw currency in the form of tangible stablecoin. The request may include an amount of currency that may be identified in fiat currency. The platform may determine an amount of stablecoin corresponding t...